RIMINI – The growth is there but the government is not satisfied. Economy Minister, Pier Carlo Padoan, speaking at the Meeting of Cl in Rimini and admits discomfort for the digits “zero point”: “I am 20 years – he says – that we have growth rates worthy of our wealth, why not They are faced structural obstacles “. They are, he adds, is “an intervention macroeconomic primarily a microeconomic she can change the behavior of firms and households. If this change does not happen the resumption of growth will remain weak and unsatisfactory”.
BOUND FOR CUTTING TAXES. The minister recalled what are “the pillars of the policy of the government growth: a large agenda of structural reforms, we must improve the labor market, the civil justice system, public administration, the school that is the key reform that creates human capital, we need to introduce reforms and then implement them. ” Then there is the chapter of public finance: “The investments are the soul of the growth, the most important thing.” One of the objectives is “to make life easier for those who risk their resources to create wealth and provide new jobs.” On the issue of fees, however, the Minister said that “must be placed in a broader context and that is the effort that the government is doing.” But in the aftermath of the promises of Renzi to abolish the IMU and Tasi for all, in the course of 2016, points out that the tax cuts “is credible only with cost cutting”: “I would like – said – cut 50 billion tax tomorrow, how many I suggest, maybe! But the real issue is the financing of redundancies, which is why need a medium to long horizon, equal to a legislature “. In the “sequence” in which the Government provides tax cuts in 2014-2018, after the 80 euro for “social equity” and measures of “job and growth of ‘employment’, the next steps are” support to enterprises and households taxes on the house, then we want to return to help businesses and lower incomes. “
TAX BENEFITS FOR THE SOUTH. For emergency Mezzogiorno, as part of the stability law, the Government’s intention is to “try to understand how, in the constraint of available resources imaginable tax breaks for the South” but you have to pay attention to the “Rules on State aid “. This is not to implement “policies for the different South than in the rest of the country goes imagined an implementation of policies aimed at more specific realities of the South.” In the South, the minister pointed out, “there are also areas of excellence should be strengthened and extended, it must improve the implementation of investments and structural resources.”
THE “WOUNDS” OF RECESSION. In the background remains “the deepest recession since the war” in which the country “has lost a tenth of GDP and also lost part of his wealth deeper than are the workers, businesses and human capital. So this recession that has lasted so long, left wounds that need to be anchors riemarginate “. Now growth, admits Padoan, is “the most difficult thing to understand and support for a government, especially in Europe and in Italy. If we look at recent numbers, we are not satisfied with the zero point.”
THE LESSON OF CHINA. On the horizon stands the crises in China. Padoan warned: “You have to deal with if you do not worry. It ‘the second world economy.” But “the fact that growth was slow in practice and was expected” because China “is being transformed, becomes a mature economy, is changing economy. The growth rate decreases but we will have to panic if it will grow less than expected “. The Chinese situation, added the minister, “we Italians and Europeans must learn a lesson: yes count on growth in emerging countries but it must rely primarily on yourself. You have to wonder what to do today Europe to rely more and grow more .
MISSING THE EU MUTUAL TRUST. Speaking of Europe, on the eve of his speech, in an interview with Sussidiario.net Padoan had also addressed the Greek question ” In the case of Greece, the Europeans have demonstrated the ability to be in solidarity, provided that solidarity is deserved with a commitment to modernize. But that modernization is a challenge that affects all countries, not only Greece. “From the stage of Rimini however Padoan added:” in the Eurogroup and in Europe there is a great lack of mutual trust, and trust is achieved not saying ‘I will’ but doing things “and this, he says,” is something that I learned by participating in the European meetings. “
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